Thursday, October 1, 2009

Boo

Its October - spooky things happen in October...starts to get dark early, Halloween and stock markets have a tendency to do wacky things in October.
I could not take it last night - I went home short 10 S&P mini futures - I wanted justice. They are down 6.5 bucks this morning - I covered just now - do I think they should go lower? Of course I do, will they? thats another story. Initial jobless claims were worse than expected so the question is how do the rampant bulls spin that in a positive way? Im not sure but they will TRUST ME.
The APO situation got very interesting this morning, one of the largest holders outside of the controlling family bought almost another 2% of the company, would leave me to believe that he's gonna launch a higher bid...heres hoping. You pay $8.25 the most you can lose is .50 and the most you can make is ??????

Have a good day

JB

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